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Aevo updates token economics: ends trading rewards campaign, repurchases at least 1 million AEVO per month from July to December

Aevo updates token economics: ends trading rewards campaign, repurchases at least 1 million AEVO per month from July to December

CointimeCointime2024/06/26 07:34
By:Cointime

On June 26th, Aevo updated its token economics and ended its four-month trading reward program. However, the staking reward of 100,000 AEVO per week will remain unchanged. Additionally, for the remainder of the year, Aevo will use protocol revenue to buy back AEVO tokens and empower token holders. Based on the current protocol revenue rate, Aevo promises to buy back at least 1 million AEVO tokens per month from July to December. The buyback will take place on-chain every week, and the repurchased AEVO tokens will be sent back to the main DAO treasury. Any future token economic adjustments, such as burn or reward programs, will require another vote from token holders.

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